Diamond Offshore News

(Image: Vryhof)

Deep Sea Mooring Wins Diamond Offshore Contract

The Netherlands based offshore services provider Vryhof and its mooring business Deep Sea Mooring (DSM) on Tuesday announced the signing of a multi-year agreement with offshore drilling company Diamond Offshore.Under the terms of the deal, DSM said it will provide a broad array of mooring and related equipment to several of Diamond’s rigs, as well as a range of engineering and rig services expertise.Wolfgang Wandl, Group CEO at Vryhof, said, “Not only are we committing to a 10-year partnership agreement for the provision of mooring equipment to Diamond, but we will also be working closely

(File photo: Maersk Drilling)

Maersk Likely to Shelve Plans to List Drilling Division

a price tag on the division, but analysts value it at around $4.8 billion.It has not yet received any firm offers for the unit, according to two of the sources. But offshore rig firm Borr Drilling, whose biggest shareholder is the world's largest oil service firm Schlumberger, and Houston-based Diamond Offshore were considering bids, sources said.Maersk group declined to comment on the divestment process, which it announced in September 2016, adding it was "thoroughly reviewing all structural options available", including a listing or trade sale.Borr Drilling declined to comment, while Diamond

Antony Croston (Photo: Trelleborg)

Interview: Antony Croston, Trelleborg Offshore

problem with drilling risers in high currents. The helical grooves actually channel water around the riser and convert it into a rotational flow, which ‘pins’ the riser in place to lower drag forces. The product is a result of a joint development exercise between Trelleborg Offshore and Diamond Offshore Drilling, and it has been thoroughly qualified in simulations and hydrodynamic testing, as well as through successful deployment on a number of drilling rigs in the Gulf of Mexico. With the combination of VIV mitigation and low drag, performance has been shown to rival fairings, yet this integral

Photo: DSM

Vryhof Bags Anchoring Contract with Cooper Energy

. The announcement also sees Vryhof businesses secure contracts in Cooper’s main target drilling area - offshore Victoria, Australia - for the first time. The contract will result in full-scale engineering, pre-lay mooring design and analysis from Deep Sea Mooring that will be provided to Diamond Offshore’s semi-submersible drilling unit - the Ocean Monarch. In addition to the latest mooring and anchoring equipment, Vryhof Anchors’ expertise and geotechnical skills will also assist Cooper with the correct anchor selection for each offshore location. Local back deck services and marine

Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Credit HHI

First ISDS for DNV GL Classed Ocean Greatwhite

DNV GL has welcomed the world’s largest semi-submersible drilling rig into class recently. Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Owned by the Houston-based drilling contractor Diamond Offshore, the rig will be chartered to oil major BP and will operate in the Great Australian Bight. Ocean Greatwhite is also the first new-build rig to receive the DNV GL Integrated Software Dependent Systems (ISDS) notation. ISDS are systems whose performance is dependent on the overall behaviour of their integrated software

Partnership Yields New Helical Buoyancy Technology

Diamond Offshore signs joint development agreement with Trelleborg to manufacture and market new Helical Riser Buoyancy design   Diamond Offshore Drilling, Inc. and Trelleborg's offshore operation today announced a joint development agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. This innovative, patented riser buoyancy design reduces riser drag and mitigates Vortex-Induced Vibration in offshore applications and enables improved operational efficiency.   This solution is an alternative to adding fairings or strakes to the

U.S. Government Photo

Former CIA Spy Ship Becomes Victim of Oil Slump

offshore environmental disaster in U.S. history, condemned the GSF Explorer in April.   Altogether, the company is scrapping some 20 vessels, shelving deliveries of new ultra-deepwater drillships, forecasting $2 billion in writedowns and cancelling its interim dividend.   Houston's Diamond Offshore and London's Noble Corp have also consigned about a dozen ships to scrap since last year.   "We've seen the largest number of floaters being scrapped over two consecutive years," said Rystad Energy analyst Joachim Bjorni in Norway.   But no "floater" destined

Photo: InterMoor

InterMoor Completes Juniper Contract Off Trinidad and Tobago

InterMoor Inc., an Acteon company, has completed its role in the largest foundation installation project offshore Trinidad and Tobago to date. The final stage of the project involved hooking up Diamond Offshore Drilling Inc.’s Ocean Victory semisubmersible drilling rig to the preset mooring spread InterMoor had previously installed. This step marks the completion of InterMoor’s mooring and foundation installation campaign for BP Trinidad and Tobago’s (bpTT) Juniper gas project. The hookup took less than four days and required 14 InterMoor personnel offshore, including rig

IADC to Present Well Control Training Program at OTC

control incident, respond swiftly and appropriately.   Presenting the new training program will be Mark Denkowski, IADC Executive Vice President, Operational Integrity; Brooke Polk, IADC Competence and Learning Development Specialist; and Petar Radulovic, Director, Learning & Development, Diamond Offshore Drilling, Inc.   The press conference is slated for Wednesday, May 6, 2015 at 9 a.m. in OTC Press Room 406-407, level 2, in the NRG Center.  

Ocean Baroness (Photo: Diamond Offshore Drilling)

Diamond Offshore Revenue Rises on Ultra-deepwater Demand

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. The company also said on Thursday it contracted two new-build rigs to oil producer Hess Corp at a rate much lower than previous client Murphy Oil Corp would have paid if they continued the lease. "... Contracting seventh-gen rigs at $400,000 per day suggests some desperation on the part of management to secure tenor at the expense of rate," Barclays analysts wrote in a note.

Armed with New Technology, Oil Drillers Revisit Gulf of Mexico

in the deep water in the foreseeable future," he said. "Most of the prospects that we are developing right now are literally in jack-up rig territory, which is 300 feet or less." Jack-up rigs - mobile platforms with a floating hull - were the one bright spot in rig contractor Diamond Offshore Drilling Inc's recent quarterly results. Revenue from its deepwater business declined. Shallow-water wells are also cheaper. Using infrastructure left over from earlier drilling, they can be installed for about $10 million; a deepwater well would cost upward of $50 million. The returns

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